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In recent years particularly IT industry is turning towards lot of openness and adoption of Agile contracts in partner management departments. As in most organizations, agility is spreading across all the corners of the corporate environment and many of them started reflecting upon key areas to enable end to end organization wide agility, one of the pain point is certainly the nature of existing contracts is in place with vendors or the suppliers. With the issue identified, several organizations ventured into exploring the various mode of contracts with vendors who supports agile working approach. Lot of good practices and methods have been evolved in recent years but still vacuum of knowledge and half-hearted agile experience triggered some concerns in this transition process. In many instances, organizations preferably choose an option to define own customized Agile contracts and contracting process considering their organizational specificity. This is one of the best organic…

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